Recurring invoices and %period%

[pls]

The help for this says, "When this option is checked, the text %period% in the Description field will be replaced by the date of the actual period of the invoice".

It would be really helpful if there was a description of what dates where used and how they were calculated. Does anyone here know?

  Thanks,
    ++PLS

[Jsalgado]

To create a recurring invoice schedule, fill out the invoice as usual, then select Save as Recurring from the drop-menu at the bottom. This brings up the Recurring Invoice Schedule dialog. Fill out when the first invoice should be scheduled, how often the invoice should be sent, what action to take to save, print, or send the invoice, and then click OK to save the schedule.